Analysts Set Air Canada (TSE:AC) Price Target at $15.06
Shares of Air Canada (TSE:AC) have earned a consensus rating of “Buy” from the fifteen analysts that are covering the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and three have given a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$15.06.
AC has been the subject of several analyst reports. Canaccord Genuity increased their price target on shares of Air Canada from C$13.00 to C$14.00 and gave the company a “buy” rating in a research report on Monday, October 3rd. TD Securities increased their price target on shares of Air Canada from C$20.00 to C$22.00 and gave the company an “action list buy” rating in a research report on Tuesday, August 2nd. Scotiabank decreased their price target on shares of Air Canada from C$13.50 to C$13.00 and set a “sector perform” rating for the company in a research report on Tuesday, August 2nd. National Bank Financial decreased their price target on shares of Air Canada from C$13.50 to C$13.00 in a research report on Tuesday, June 28th. Finally, RBC Capital Markets raised shares of Air Canada from an “outperform” rating to a “top pick” rating and increased their price target for the company from C$14.00 to C$18.00 in a research report on Thursday.
Shares of Air Canada (TSE:AC) opened at 12.31 on Friday. Air Canada has a 12 month low of $6.81 and a 12 month high of $12.70. The company’s 50-day moving average is $9.66 and its 200 day moving average is $9.27. The company has a market capitalization of $3.40 billion and a price-to-earnings ratio of 5.91.
About Air Canada
Air Canada is a domestic, United States transborder and international airline company. The Company is a provider of scheduled passenger services in the Canadian market, the Canada-United States transborder market and in the international market to and from Canada. The Company’s mainline operates a fleet of over 170 aircraft, including Airbus narrow-body aircraft, Boeing and Airbus wide-body aircraft, and Embraer 190 regional jets.
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